Nexion

How is the Nexion different from the card terminal provided by my bank?

September 15, 2014 | Articles  Helpful Hints  Testimonials 

1. Nexion receipts all your transactions – EFT, Medical Aid, Cash AND Card (not just card), eliminating the need for manual receipt books. Your Bank is providing you with a card terminal that only processes cards.
2. Nexion is integrated with your practice management/Billing system  (as well as the 5 biggest equivalent systems in South Africa)
   Your bank terminal is not integrated – and requires duplicate keying of data by your receptionist.
3. Nexion keeps track of cash in your till and your deposits.
   Your bank terminal does not deal with cash.
4. Nexion ensures that card refunds are only made to the original card used, and are cross referenced to mitigate fraud. 
   Your bank terminal allows refunds to any cards irrespective, a source of fraud in many practices.
5. Nexion receipts EFT payments to your bank account – capturing Unidentified EFT’s as well as Medical Aid Payments
   Your bank terminal does not deal with EFT payments
6. Nexion detailed reporting provides you with the necessary checks and balances to ensure your cash flow is secure and accounted for
   Your bank terminal does not provide any reporting.
7. Nexion does not require a phone line – uses your existing ADSL. 
   Your bank will require either a phone line or a Cellular connection with the associated cost per transaction.
8. Nexion Allows you to check availability of funds on card and hold funds on card for 7 days (at no charge)
   Your bank terminal does not have this facility.
9. Nexion provides you with Debit order facility that allows you to offer your clients a payment over time option
   Your bank terminal provides no debt recovery option.
10. Nexion can offer you RCS and EDCON cards Your bank terminal only offers bank issued cards.
11. Nexion reconciles bank payments from Visa/MC/ Amex/ Diners and administers all chargebacks providing your staff with a one call service for all queries. Your bank terminals will require you to call the relevant party for service.